Defense contractor L3Harris announced Wednesday that it has quietly filed preliminary paperwork with federal regulators for a potential public stock offering of its missile solutions division.
The company has not yet disclosed how many shares would be sold or what price range investors might expect for the proposed stock offering.
This development follows L3Harris’s January announcement outlining plans to spin off its expanding rocket motor operations into a standalone company, supported by $1 billion in convertible securities from the U.S. government.
According to the defense contractor’s earlier statements, those government securities would automatically transform into regular stock ownership when the new company launches its public trading in 2026.
The federal government’s financial backing is designed to ensure the Pentagon maintains reliable access to essential motors used in various missile systems, including Tomahawk cruise missiles and Patriot defense interceptors.
During a January briefing with reporters, L3Harris Chief Executive Chris Kubasik projected that the standalone missile business would experience annual revenue increases in the mid-to-high teen percentage range.
